Indian IT Companies: World's Worst Paying Employers
Bangalore: Indian IT companies is among the world’s 10 lowest paying employers, the study conducted by a global recruitment service provider MyHiringClub.com revealed. The study has ranked India at the eighth position with their mid-to-senior level staff getting an average salary of $38,767 (about 
21.5 lakh) per annum.
The payment by Indian IT firms is less than one-fourth of the IT pay package offered by Swiss firms, the salaries of which are the highest in the world at an average of $168,211 (around 93 lakh) per annum, the study entitled, World Wide IT Salary 2012, said.
The study conducted in August 2012, considered the average salaries of the IT professionals with four or more years of experience working in more than 6,000 companies across 40 different countries; comparing the total annual cash compensation and total remuneration information for IT staff; and it found that Western European employers are the best paymasters.
The study also showed that compensation given in developed countries focus more on variable factors, like bonus schemes, to attract the staff. On the contrary, in the lower-paying countries, the emphasis is on cash compensation.
Since the multi-national companies highly rely on Indian IT managers, they try to ensure that the pay these Indian employees are getting is competitive, the study observes. “Experienced IT managers are highly sought-after in India and there is strong competition to attract and retain skilled employees,” the study said.
“Although pay in Asia and Eastern Europe tends to be much lower, it would be difficult for firms to outsource the IT manager role to these regions. Instead, we may see a migration of IT skills from lower paying nations to places in Western Europe and North America,” stated MyHiringClub.com CEO Rajesh Kumar.
However, IT professionals in India are paid better than their counterparts in the neighboring country China, where the average annual pay package is lower at only $38,624.
Furthermore, Indian IT companies scored better place in the study compared to those in Bulgaria, Vietnam, Indonesia, the Philippines, Thailand and Malaysia, where the annual salaries were even lower at $23,745, $29,831, $33,768, $33,965, $34,107 and $36,790 respectively. Whereas the best paying IT companies in the world were in countries like Belgium ($144,980), Denmark ($136,542) and the U.K. ($127,890), ranking after the Swiss IT firms.
